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Tether and Circle control 85% of stablecoin supply as market concentration stays near record highs

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USDT and USDC combine for roughly $257.7 billion in supply, while every other stablecoin fights over the remaining scraps. Wed 9 Sep 2026 · 13:34 EDT · 2 min read In Finance The stablecoin market has a duopoly problem. Tether’s USDT and Circle’s USDC together account for.

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